The company clarified that neither its promoters nor the promoter group has any interest in the awarding authority, and the transaction does not qualify as a related-party deal under regulatory norms.

Texmaco Rail & Engineering (TEXMACO), a listed entity under the Adventz Group, is a prominent player in India’s railway and infrastructure sector. The company operates through three core business segments: Freight Cars, Infra-Rail & Green Energy, and Infra-Electrical. The company specializes in manufacturing rolling stock, locomotive components, hydro-mechanical equipment, railway infrastructure, bridges, and steel structures. It is also a leading supplier of freight cars to Indian Railways.

Texmaco Rail & Engineering’s consolidated net profit slipped 13.73% to Rs 63.92 crore in Q2 FY26, compared to Rs 74.10 crore posted in Q2 FY25. Revenue from operations fell 21.38% year-on-year (YoY) to Rs 1,058.09 crore in the quarter ended 30 September 2025.